Legal sports betting is common across the U.S. However, gambling winnings are considered taxable. Brush up on IRS rules, state taxes, loss deductions and more.

The IRS introduces Form 1099-DA, creating the first standardized system for reporting crypto and NFT transactions starting in 2025.

Across the board, tax refunds are set to increase an average of $1,000 per household due to President Donald Trump’s tax cuts ...

For years, the IRS planned to lower the 1099-K reporting threshold to $600 for business transactions processed through third‑party platforms. After multiple delays, the IRS announced a phased approach ...